“Can you walk through, for a non-specialist, how failure to have an 83(b) election bankrupts founders?” You have to pay taxes on all income earned in a year, right? Equity compensation is a form of income, right? That sets the stage for the time bomb.
BUSINESS
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Stripe Atlas Legal Updates Impact Startup Documentation Standards
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(Here that is Stripe Atlas but presumably YC’s lawyers, early stage VC firms, etc will all update their standard packets to take advantage of this.)
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83(b) Elections: The Hidden Tax Trap for Startup Founders
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83(b) elections have been a long-time landmine for startup founders, generally underdiscussed because of social considerations. You don’t want to say “Hiya, I’m the sophisticated CEO of a high-flying company. Also, oops, bankrupted myself for want postage stamp six years ago.”
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Small Decisions Shape World Systems
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You’d be surprised how much of the world is extremely dependent on very small decisions which do not necessarily announce their importance to the people capable of making them. Here’s one:
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Groq Unlocks FinServ AI with Speed and Throughput
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Stop by our table today at #STACSummit NY to find out how to unlock #FinServ #AI with best in class speed and throughput.
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FDA Rejects Inaccurate COVID Test; Founder Hides Truth from Investors
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lol minor detail 'The Food and Drug Administration informed Schena that Arrayit's COVID test was "not accurate enough" to receive emergency authorization to use in the early days of the pandemic — a fact that he hid from investors and test users.'
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Assessing AI Algorithms for Business Value, Not Just Performance
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From my panel with Vittorio Cretella, P&G, Mark Gaynor of Johnson & Johnson Vision and Chris Howard of @Gartner
: driving value from AI involves assessing algorithms in terms of how they connect to the business, not whether they work. #GartnerSym #artificialintelligence -
Generative AI Model Customization Webinar for Business Solutions
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Register for this #generativeAI webinar to explore the varying levels of model customization, the top use cases for each customization technique, and how businesses should evaluate and determine its solution. October 26th at 9:00 a.m. PT. https://
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Tesla’s AI Dreams: Robo-Taxi and Optimus Face Reality Check
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Tesla’s dreams — Optimus, Cybertruck, Robo-Taxi — take a step back Tesla’s much-hyped science projects such as the robo-taxi and Optimus, the humanoid robot, are fanciful and unlikely to be a reality anytime soon. Those things matter less than the fundamental fact that Musk and
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Google Bard Team Accelerates Development to Challenge ChatGPT
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Google is urgently working on its AI chatbot Bard to compete with ChatGPT. What does this mean?
The Bard team shortcuts legal reviews and executes projects in days or weeks rather than months. This startles some employees but energizes others seeking to make their mark on